A volatility bound for endogenous business cycles: the case of even period lives with additive utility in a monetary economy

被引：1

作者：

Swanson, CE ^{[1
]}

机构：

[1] Temple Univ, Dept Econ, Philadelphia, PA 19122 USA

来源：

ECONOMICS LETTERS | 1998年 / 61卷 / 03期

关键词：

endogenous business cycles; monetary cycles;

D O I：

10.1016/S0165-1765(98)00189-X

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper provides a simple method for placing a bound on the extent of variation of endogenous business cycles in a monetary economy with additive utility. The results apply when individuals have even period lives. In general, the bound shrinks as individuals discount the future less. (C) 1998 Elsevier Science S.A. All rights reserved.

引用

页码：339 / 344

页数：6